Meteorologists predict that El Niño could bring a wetter winter to Southern California. As a result, many homeowners have started asking an important question: Should I buy flood insurance? The answer depends on your home’s location and your property’s history. However, now is the time to review your coverage.
Many homeowners assume that their homeowner’s insurance policy covers flood damage. Unfortunately, that is often not the case. In most situations, homeowners must purchase flood insurance separately. If you live in communities such as La Canda Flintridge, La Crescenta, Pasadena, Burbank, Arcadia, Sunland, or Tujunga, take a closer look at your property’s risk factors.
Ask yourself these questions:
Does your property sit below a recent burn area?
Does water collect in your yard during heavy rain?
Is your home located at the bottom of a hillside?
Have you experienced drainage problems?
Is your property near a wash, creek, or flood-control channel?
In Southern California, flooding is not the only concern. Heavy rain can also trigger mudslides and debris flows. Consequently, foothill communities often face a greater risk. In addition, flood insurance policies may include a waiting period before coverage begins. Therefore, waiting until a storm appears in the forecast may be too late.
Start by contacting your insurance carrier. Next, review your current policy. Then, determine whether additional coverage makes sense for your property. As a Realtor, I cannot provide insurance advice. However, I have seen how quickly severe weather can affect a home. A simple conversation with your insurance agent today may help you avoid costly surprises tomorrow.
